The stochastic approach is a new way of viewing index numbers in which uncertainty and statistical ideas play a central role. Rather than just providing a single number for the rate of inflation, the ...

An index or index number combines relative changes in various variables into one figure. Price and volume indices are important indicators in economic statistics. They give aggregated information on ...

The Ideal Log-Change Index Number Kazuo Sato The Review of Economics and Statistics , pp. 223-228 (6 pages) Published By: The MIT Press /stable/1924029 ...

The producer price index (PPI) measures the rate at which the prices of producer goods and services are changing overtime. It is a key statistic for economic and business decision making and inflation ...

The recent interest in index numbers has raised questions about their usefulness and validity. The history and principles of index numbers are discussed, highlighting the importance of a clear ...

CBSE Index Numbers Class 11 Mind Map: This is the last article for mind maps of Statistics for Economics. All the chapters have been covered, links for the same are attached below for your reference.

There has been a spurt of interest in recent times on index numbers. This has been driven by the publication of indices by global NGOs on social issues showing that India’s performance has been ...

The US Dollar Index (DXY) remained under pressure on Friday morning as the odds that the Federal Reserve will cut interest ...